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Tekion, a cloud-based automotive technology platform founded by former Tesla executive Jay Vijayan, has secured $200 million in growth capital from Dragoneer Investment Group. This investment has led to Tekion achieving a valuation of over $4 billion. Since its inception, Tekion has raised a total of $640 million from investors including General Motors, BMW i Ventures, Exor, and Hyundai. The new funds will be used to enhance products, accelerate implementation, and improve customer support for automotive businesses.
Tekion secures $200 million from Dragoneer Investment Group to enhance products, accelerate implementation, and improve customer support. https://t.co/nUb4ugDbfu
The increased pressure on the consumer comes as companies continue to shift the way they structure operations for the AI-era. @jonfortt talks to cloud-based automotive software company @tekioncorp's CEO @JayVijayan about how he's using their recent $200M raise to fuel innovation. https://t.co/EbIJCwcf7B
Auto dealership software isn't the most well-known segment, but @JayVijayan and the @tekioncorp team have quietly built a fantastic business: https://t.co/uQlUYSY8Cl
